Budget deficit in full swing! We paid 1.3 trillion taxes – Last Minute Economic News

In March 2024, compared to March 2023, expenses increased by 107.4 percent to 692.8 billion lira, revenues increased by 68.7 percent to 483.8 billion lira, and the budget deficit increased by 342.5 percent to 209 billion lira. Again, in March, the non-interest deficit reached 134.4 billion lira. In addition, in March, tax revenue increased by 111.7 percent to 420.5 billion lira, and interest expenses increased by 114 percent to 74.6 billion lira. In the first 3 months of the year, expenses increased by 105.9 percent to 2 trillion 151 billion liras, revenue increased by 106 percent to 1 trillion 637 billion liras, and the deficit increased by 105.4 percent to 513.5 billion liras. The non-interest deficit in the budget reached 263 billion lira. Again, in the first 3 months, tax revenue increased by 113 percent, exceeding 1.3 trillion lira, while interest expenses increased by 148.8 percent, reaching 250.5 billion lira.

COVERED 2.5 BILLION TL

When we look at other details of the budget, it is seen that fines, which have become an important income item in recent years, increased by 260 percent to 8 billion liras in March, and by 251 percent in the first 3 months to 26.6 billion liras. Hidden service (disguised appropriation) expenses, which are always closely monitored among the expense items, slowed down in March. From this account used by the Presidency, 322.3 million lira was spent in March, with a decrease of 5.7 percent, and 2.5 billion lira was spent with an increase of 177.1 percent in the first 3 months.